This event will explore challenges faced by first-time funds in private equity and creative solutions they can take both from the deal executive and fundraiser’s perspective.
The COVID pandemic has impacted every industry including Private Equity. Preqin has reported there were 31% fewer final closes held by PE funds during the first half of 2020 compared to the same period last year. The pandemic has created acute challenges even more so for first time funds as 37% of LPs surveyed by PEI for the LP Perspectives Survey 2020 indicated they do not plan to back first-time funds. During these unprecedented times, out-of-the-box thinking is critical for first time funds looking to source deals and complete their final closes.
Our esteemed panelists include: Daphne Dufresne, HBS ’99, Managing Partner at GenNx360 and Monica Arora, Partner, Private Funds Group, Proskauer.
Participants must register by August 31st to receive details on joining the discussion.
Please note that no refunds will be issued.
Managing Partner of GenNx 360 Capital Partners
Daphne Dufresne (HBS ’99) is a Managing Partner of GenNx360. She brings extensive investment experience to the firm and is engaged in all aspects of the firm’s investment activities and portfolio management. Previously, Daphne was a founding partner and a Managing Director of RLJ Equity Partners. She was responsible for sourcing, executing and monitoring investments, the day to day management of the firm including fundraising. Prior to RLJ Equity Partners, Daphne was a Partner with Parish Capital Advisors, a $1-billion fund of funds where she initiated and led their direct investment program. Prior, she was a Principal at Weston Presidio, an Associate Director in the Bank of Scotland’s Structured Finance Group and an Associate in Accenture’s (formerly Andersen Consulting) Strategic Services Group.
Daphne earned her B.S. in Engineering from the University of Pennsylvania and her MBA from Harvard Graduate School of Business. She is happily married with three children.
Partner at Proskauer
Monica Arora is a partner in the Private Funds Group at Proskauer. Her practice focuses on advising sponsors of private investment funds, including credit, buyout, growth equity, infrastructure and real estate funds, including the establishment of bespoke fund structures, joint ventures and other strategic arrangements.
Prior to joining Proskauer, Monica was the global head of the investment funds group at White & Case.
Hemali Dassani (HBS ’99) is an experienced fundraiser and investor relations professional within the alternative investments space and is currently a placement agent and consultant to multiple Private Equity funds. Hemali was previously Director of Investor Relations for Argand Partners and Castle Harlan, middle market private equity funds. Hemali was also a Managing Director with Old City Investment Partners, a multi-family office dedicated to finding high quality investments for the firm’s clientele of family office investors. Ms. Dassani has an M.B.A. from the Harvard Business School and a B.Sc. in Industrial Engineering from Northwestern University. She was President of the Harvard Business School Club of Greater New York and currently sits on the Board of the Club and Chair’s its racial equity task force. Previously she sat on the Board of Governors for the Harvard Business School Real Estate Alumni Association and the Steering Committee for the Harvard Business School Alumni Angels Association.
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